{
  "page": "compare",
  "query": {
    "a": "PCTEX",
    "b": "DRCAX"
  },
  "retrieved_at": "2026-07-07T15:58:44+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Putnam California Tax Exempt Income Fund",
    "ticker": "PCTEX",
    "slug": "PCTEX",
    "series_id": "S000005498",
    "html_url": "https://fundwatcher.app/funds/PCTEX/"
  },
  "fund_b": {
    "name": "BNY Mellon California AMT-Free Municipal Bond Fund, Inc.",
    "ticker": "DRCAX",
    "slug": "DRCAX",
    "series_id": "S000000016",
    "html_url": "https://fundwatcher.app/funds/DRCAX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.05500080752402246571604639243",
    "coverage_b_by_a": "0.05500080752402246571604639242",
    "shared_count": 19,
    "as_of": {
      "a": "2025-09-30",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "California State Public Works Board (TOBs)",
        "value": "12087781.82",
        "weight": "0.01861216",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB",
        "value": "10070397.00",
        "weight": "0.01550589",
        "shared": false
      },
      {
        "name": "CHANNELSIDE WATER RESOURCES LP 5.0% 11-21-45",
        "value": "9971921.00",
        "weight": "0.01535427",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2019-ML05 CL ACA 3.35000000",
        "value": "9547926.01",
        "weight": "0.01470142",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Green Series 2022G",
        "value": "9147389.40",
        "weight": "0.01408469",
        "shared": false
      },
      {
        "name": "TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5",
        "value": "8847283.43",
        "weight": "0.01362261",
        "shared": false
      },
      {
        "name": "New Hampshire Business Finance Authority, Series 4, Class A",
        "value": "8587016.74",
        "weight": "0.01322186",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "8372567.25",
        "weight": "0.01289166",
        "shared": false
      },
      {
        "name": "Chabot-Las Positas Community College District, Series C",
        "value": "7454989.50",
        "weight": "0.01147882",
        "shared": false
      },
      {
        "name": "SAN DIEGO HSG AUTH-E",
        "value": "7407898.56",
        "weight": "0.01140631",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "7399096.40",
        "weight": "0.01139276",
        "shared": false
      },
      {
        "name": "M-S-R Energy Authority, Series A",
        "value": "7358870.40",
        "weight": "0.01133082",
        "shared": false
      },
      {
        "name": "San Francisco City & County Public Utilities Commission Power, Series 2023A",
        "value": "7281961.40",
        "weight": "0.01121240",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2022A",
        "value": "7186922.40",
        "weight": "0.01106606",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST STWD CMNTYS DEV REGD B/E 5.00000000",
        "value": "7084862.40",
        "weight": "0.01090892",
        "shared": false
      },
      {
        "name": "CHF-DAVIS II LLC BAM 3.0% 05-15-51",
        "value": "6875902.40",
        "weight": "0.01058717",
        "shared": false
      },
      {
        "name": "SWEETWATER UNION HIGH SCHOOL D SWESCD 08/52 FIXED 5",
        "value": "6829308.85",
        "weight": "0.01051543",
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      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "6752290.38",
        "weight": "0.01039684",
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      },
      {
        "name": "NRTHRN CA ENRGY",
        "value": "6486700.80",
        "weight": "0.00998790",
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      },
      {
        "name": "CA ST MFA COP 5.25% 11/1/2052",
        "value": "6137799.60",
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      },
      {
        "name": "State of California",
        "value": "5927892.48",
        "weight": "0.00912747",
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      },
      {
        "name": "CA MUN FIN AUTH",
        "value": "5866847.25",
        "weight": "0.00903348",
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      },
      {
        "name": "LOS ANGELES DEPT OF W",
        "value": "5836893.52",
        "weight": "0.00898736",
        "shared": false
      },
      {
        "name": "Alameda Corridor Transportation Authority, Series 2022A",
        "value": "5763793.00",
        "weight": "0.00887480",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "5448405.50",
        "weight": "0.00838918",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series 2021 A-2",
        "value": "5378152.99",
        "weight": "0.00828101",
        "shared": false
      },
      {
        "name": "Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB",
        "value": "5338188.50",
        "weight": "0.00821948",
        "shared": false
      },
      {
        "name": "CSCDA Community Improvement Authority, Series A-2",
        "value": "5293881.84",
        "weight": "0.00815126",
        "shared": false
      },
      {
        "name": "CHF-RIVERSIDE I LLC 5.0% 05-15-43",
        "value": "5225181.39",
        "weight": "0.00804547",
        "shared": false
      },
      {
        "name": "California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB",
        "value": "5204268.83",
        "weight": "0.00801327",
        "shared": true
      },
      {
        "name": "California Community Housing Agency, Series A-1",
        "value": "5184688.00",
        "weight": "0.00798312",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "5050197.00",
        "weight": "0.00777604",
        "shared": true
      },
      {
        "name": "California Infrastructure & Economic Development Bank, Series 2022 B",
        "value": "5022498.00",
        "weight": "0.00773339",
        "shared": false
      },
      {
        "name": "GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000",
        "value": "4935576.00",
        "weight": "0.00759955",
        "shared": true
      },
      {
        "name": "California County Tobacco Securitization Agency, Series 2014",
        "value": "4852984.00",
        "weight": "0.00747238",
        "shared": false
      },
      {
        "name": "SF BART/MTC 3% 8/1/49",
        "value": "4804550.24",
        "weight": "0.00739781",
        "shared": false
      },
      {
        "name": "Grays Harbor Public Hospital District 1, Washington, Revenue Bonds, Summit Pacific Medial Center Series 2023",
        "value": "4750781.90",
        "weight": "0.00731502",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "4674062.86",
        "weight": "0.00719689",
        "shared": false
      },
      {
        "name": "FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.54109800",
        "value": "4669437.25",
        "weight": "0.00718977",
        "shared": false
      },
      {
        "name": "COLBURN SCHOOL (MPT) 1.75% 08-01-55",
        "value": "4534765.56",
        "weight": "0.00698241",
        "shared": false
      },
      {
        "name": "HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-44",
        "value": "4402904.50",
        "weight": "0.00677937",
        "shared": false
      },
      {
        "name": "City of Los Angeles CA",
        "value": "4388005.28",
        "weight": "0.00675643",
        "shared": false
      },
      {
        "name": "INDIO PUB FING AUTH-A",
        "value": "4324772.80",
        "weight": "0.00665907",
        "shared": false
      },
      {
        "name": "South Tahoe Joint Powers Financing Authority, Series 2023 A, RB",
        "value": "4284876.40",
        "weight": "0.00659764",
        "shared": false
      },
      {
        "name": "California (State of) Educational Facilities Authority (University of the Pacific), Series 2023, RB",
        "value": "4147046.80",
        "weight": "0.00638542",
        "shared": false
      },
      {
        "name": "California Community Housing Agency, Series 2020 A",
        "value": "4021399.26",
        "weight": "0.00619195",
        "shared": false
      },
      {
        "name": "California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB",
        "value": "4019614.96",
        "weight": "0.00618920",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO BAY-F1",
        "value": "3882803.16",
        "weight": "0.00597855",
        "shared": false
      },
      {
        "name": "Putnam Short Term Investment Fund, Class P",
        "value": "3843562.07",
        "weight": "0.00591813",
        "shared": false
      },
      {
        "name": "S TAHOE CA JT PWRS FING AUTH L STHPWR 10/48 FIXED 5.25",
        "value": "3773588.00",
        "weight": "0.00581038",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Palomar Community College District (Election of 2006), Series 2010, GO Bonds",
        "value": "16290889.53",
        "weight": "0.03131442",
        "shared": false
      },
      {
        "name": "LA CA AIRPT 5% 5/15/2032 @",
        "value": "12710032.52",
        "weight": "0.02443128",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "11954094.75",
        "weight": "0.02297822",
        "shared": false
      },
      {
        "name": "PORT OF LOS ANGELES (TOBS)",
        "value": "10077780.00",
        "weight": "0.01937155",
        "shared": false
      },
      {
        "name": "S SAN FRANCISCO USD",
        "value": "9743734.00",
        "weight": "0.01872945",
        "shared": false
      },
      {
        "name": "Allan Hancock Joint Community College District, Series 2012C",
        "value": "8960576.63",
        "weight": "0.01722406",
        "shared": false
      },
      {
        "name": "CA STWD CMNTYS DEV-B",
        "value": "8952214.50",
        "weight": "0.01720799",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "8820203.64",
        "weight": "0.01695424",
        "shared": false
      },
      {
        "name": "GOLDEN ST TOBACCO SECURITIZATI REGD B/E 5.00000000",
        "value": "8466600.95",
        "weight": "0.01627454",
        "shared": true
      },
      {
        "name": "FOOTHILL ESTRN TRANSP",
        "value": "7807379.00",
        "weight": "0.01500738",
        "shared": false
      },
      {
        "name": "California Community Choice Financing Authority, Series F",
        "value": "7752810.80",
        "weight": "0.01490249",
        "shared": false
      },
      {
        "name": "CALIFORNIA COMMUNITY VAR",
        "value": "7463878.10",
        "weight": "0.01434710",
        "shared": false
      },
      {
        "name": "Hesperia Community Redevelopment Agency Successor Agency",
        "value": "7240463.14",
        "weight": "0.01391765",
        "shared": false
      },
      {
        "name": "SACRAMENTO CNTY CA ARPT SYS REVENUE",
        "value": "6413376.28",
        "weight": "0.01232782",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT 5.25% 05-01-55",
        "value": "6330717.60",
        "weight": "0.01216893",
        "shared": false
      },
      {
        "name": "Orange County Community Facilities District 5.00% 08/15/2041",
        "value": "6030365.40",
        "weight": "0.01159160",
        "shared": false
      },
      {
        "name": "SACRAMENTO CNTY CA ARPT SYS REVENUE",
        "value": "5940394.87",
        "weight": "0.01141865",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST MUNI FIN AUTH REVENUE",
        "value": "5698089.21",
        "weight": "0.01095289",
        "shared": false
      },
      {
        "name": "California (State of) Health Facilities Financing Authority (City of Hope), Series 2019, RB",
        "value": "5633186.40",
        "weight": "0.01082814",
        "shared": false
      },
      {
        "name": "California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB",
        "value": "5328323.00",
        "weight": "0.01024213",
        "shared": false
      },
      {
        "name": "CALIFORNIA STWD CMNTYS DEV AUTH REVENUE",
        "value": "5269442.85",
        "weight": "0.01012895",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series E",
        "value": "5198136.50",
        "weight": "0.00999188",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "5160457.00",
        "weight": "0.00991945",
        "shared": true
      },
      {
        "name": "UNITED AIRLINES INC 4.0% 07-15-29",
        "value": "5099015.00",
        "weight": "0.00980135",
        "shared": false
      },
      {
        "name": "CA MUNI FIN AUTH-A",
        "value": "5057599.00",
        "weight": "0.00972174",
        "shared": false
      },
      {
        "name": "GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000",
        "value": "5030583.90",
        "weight": "0.00966981",
        "shared": false
      },
      {
        "name": "Yosemite Community College District, Series 2010D",
        "value": "4844306.08",
        "weight": "0.00931175",
        "shared": false
      },
      {
        "name": "SAN DIEGO REGL -A",
        "value": "4806860.00",
        "weight": "0.00923977",
        "shared": false
      },
      {
        "name": "TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5",
        "value": "4806646.60",
        "weight": "0.00923936",
        "shared": false
      },
      {
        "name": "FRONT PORCH COMMUNITIES & SERVICES OBLIGATED GROUP 4.0% 04-01-51",
        "value": "4796652.85",
        "weight": "0.00922015",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency (Social Certificates), Series 2021 A, RB",
        "value": "4648098.82",
        "weight": "0.00893460",
        "shared": false
      },
      {
        "name": "FHLMC Multifamily VRD Certificates",
        "value": "4582191.91",
        "weight": "0.00880791",
        "shared": false
      },
      {
        "name": "CA STWD FRONT PORCH COMM SVCS 17A SF 5.0% 04-01-47",
        "value": "4569253.96",
        "weight": "0.00878304",
        "shared": false
      },
      {
        "name": "California Health Facilities Financing Authority",
        "value": "4439077.51",
        "weight": "0.00853281",
        "shared": false
      },
      {
        "name": "CA MUN FIN AUTH-A-1",
        "value": "4285687.39",
        "weight": "0.00823797",
        "shared": false
      },
      {
        "name": "FHLMC MULTIFAMILY VRD CERTIFICATES 3.05% 04-15-34",
        "value": "4273303.13",
        "weight": "0.00821416",
        "shared": false
      },
      {
        "name": "Anaheim Community Facilities District",
        "value": "4264203.48",
        "weight": "0.00819667",
        "shared": false
      },
      {
        "name": "RIVER ISLANDS PUBLIC FINANCING RVIGEN 09/54 FIXED 5",
        "value": "4251494.30",
        "weight": "0.00817224",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-B",
        "value": "4182147.20",
        "weight": "0.00803894",
        "shared": false
      },
      {
        "name": "State of California, Series 2007",
        "value": "4076900.80",
        "weight": "0.00783664",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019, RB",
        "value": "4053856.00",
        "weight": "0.00779234",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT",
        "value": "3997003.42",
        "weight": "0.00768306",
        "shared": false
      },
      {
        "name": "California (State of) Housing Finance Agency, Series 2019 A, RB",
        "value": "3947737.08",
        "weight": "0.00758836",
        "shared": true
      },
      {
        "name": "California Educational Facilities Authority, Series 2017 A",
        "value": "3911576.56",
        "weight": "0.00751885",
        "shared": false
      },
      {
        "name": "California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB",
        "value": "3790257.53",
        "weight": "0.00728565",
        "shared": false
      },
      {
        "name": "CA MUN FIN SCH 5% 7/1/2046",
        "value": "3723363.07",
        "weight": "0.00715707",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "3610562.31",
        "weight": "0.00694024",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 09-01-43",
        "value": "3600618.00",
        "weight": "0.00692112",
        "shared": false
      },
      {
        "name": "Central Valley Energy Authority, Series 2026",
        "value": "3576276.28",
        "weight": "0.00687433",
        "shared": false
      },
      {
        "name": "EISENHOWER MEDICAL CENTER 5.0% 07-01-42",
        "value": "3539278.75",
        "weight": "0.00680322",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-25-006482",
      "as_of": "2025-09-30",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/711402/000207169125006482/0002071691-25-006482-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000940400-26-014306",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/720064/000094040026014306/0000940400-26-014306-index.htm"
    }
  ]
}